Maharashtra Approves RRP Electronics Semiconductor Project
ECONOMY & POLICY

Maharashtra Approves RRP Electronics Semiconductor Project

RRP Electronics Ltd. has announced that the Government of Maharashtra has approved its Rs.24 billion mega semiconductor project in a recent cabinet meeting. This project, set to be implemented in two phases, will mark Maharashtra's entry into the semiconductor manufacturing industry.

RRP Electronics will establish its first Outsourced Semiconductor Assembly and Testing (OSAT) facility in a 40,000 sq.ft. area at Mahape, Navi Mumbai. This cutting-edge, fully automated facility is expected to be operational by September 16, 2024. Additionally, the company will expand its operations by setting up new production lines at its upcoming plant in MIDC, Taloja, scheduled to be operational within the next two years.

The project, recognized as a megaproject by the state, benefits from the semiconductor policies adopted by both the Central and Maharashtra governments, which include subsidies covering the entire investment. The company has partnered with HMT Zurich, a leading design company, to support its semiconductor manufacturing endeavors.

"We are delighted that our semiconductor manufacturing project has been recognized as a megaproject by the Government of Maharashtra," said Rajendra Chodankar, Chairman of RRP Electronics Ltd. "Our OSAT facility will be the first of its kind, featuring machinery sourced from major semiconductor hubs across the globe. Initially, we will supply semiconductor chips to our partner, HMT Zurich, and are in discussions with other major industry players."

This project underscores Maharashtra's commitment to becoming a key player in India's semiconductor industry, fostering technological advancement and economic growth in the region

RRP Electronics Ltd. has announced that the Government of Maharashtra has approved its Rs.24 billion mega semiconductor project in a recent cabinet meeting. This project, set to be implemented in two phases, will mark Maharashtra's entry into the semiconductor manufacturing industry. RRP Electronics will establish its first Outsourced Semiconductor Assembly and Testing (OSAT) facility in a 40,000 sq.ft. area at Mahape, Navi Mumbai. This cutting-edge, fully automated facility is expected to be operational by September 16, 2024. Additionally, the company will expand its operations by setting up new production lines at its upcoming plant in MIDC, Taloja, scheduled to be operational within the next two years. The project, recognized as a megaproject by the state, benefits from the semiconductor policies adopted by both the Central and Maharashtra governments, which include subsidies covering the entire investment. The company has partnered with HMT Zurich, a leading design company, to support its semiconductor manufacturing endeavors. We are delighted that our semiconductor manufacturing project has been recognized as a megaproject by the Government of Maharashtra, said Rajendra Chodankar, Chairman of RRP Electronics Ltd. Our OSAT facility will be the first of its kind, featuring machinery sourced from major semiconductor hubs across the globe. Initially, we will supply semiconductor chips to our partner, HMT Zurich, and are in discussions with other major industry players. This project underscores Maharashtra's commitment to becoming a key player in India's semiconductor industry, fostering technological advancement and economic growth in the region

Next Story
Resources

Workplace Solutions Company IndiQube, Surpasses 100 Properties Milestone

Workplace solutions company, IndiQube has surpassed the 100 properties milestone. The company that started nine years ago with a single property in Bengaluru has now expanded across 14 cities and caters to 700+ clients. Today, the company has a portfolio of over 7.2 million square feet with presence across major tier I cities including Bengaluru, Pune, Chennai, Hyderabad, Mumbai, Gurgaon and Noida. Also, post pandemic the company has made its foray into tier II cities including Coimbatore, Jaipur, Madurai, Kochi, Vijayawada, Calicut and Mohali. In Bengaluru, IndiQube has 59 properties cove..

Next Story
Infrastructure Transport

Ashoka Buildcon turns lowest bidder for Rs 27.91 billion NHAI projects

Ashoka Buildcon Ltd announced on November 18, 2024, that it has emerged as the lowest bidder (L-1) for two National Highways Authority of India (NHAI) projects in West Bengal, with a combined value of Rs 27.91 billion. These Engineering, Procurement, and Construction (EPC) projects will be executed under the Hybrid Annuity Model (HAM). The first project involves developing a four-lane economic corridor between Bowaichandi and Guskara-Katwa Road (Km 89.814 to Km 133) of NH 116A (Package-3). This project is valued at Rs 13.91 billion, excluding GST, and is expected to be completed within 910 d..

Next Story
Infrastructure Energy

Tata Power, Jakson, Ashoka Buildcon lead solar EPC market in 1H 2024

Tata Power Solar, Jakson Green, and Ashoka Buildcon have emerged as the top utility-scale solar engineering, procurement, and construction (EPC) providers in India during the first half (1H) of 2024, according to Mercom India’s Solar Market Leaderboard for 1H 2024. Gensol Engineering and InSolare Energy also secured spots in the top five. Tata Power Solar led the market with a 32.7% share, followed closely by Jakson Green at 32.1%, while Ashoka Buildcon claimed the third spot with 6.5%. Gensol Engineering and InSolare Energy accounted for 6.2% and 5.1% of the market, respectively. Together..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000